Middle East Economic Survey


No 22


Tighter Oil Market Far From Certain Despite Price Of $60/B, Says CGES

Crude oil at $60/B is a reality and the shape of the forward curve suggests that the market thinks prices will rise till the end of the year and into the distant future, the Centre for Global Energy Studies (GCES) said in its leatest Monthly Oil Report (MOR), published on 25 May. But the London-based consultancy said a sustained tightening of the oil market is far from...